Both houses of Congress this week approved separate bills that would make meaningful changes to the FHA program and its role in the changing mortgage market. S. 896, introduced by Senators Chris Dodd, D-CT, Richard Durbin, D-IL, and Chuck Schumer, D-NY, was heavily debated on the Senate floor as lawmakers considered dozens of amendments...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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